The trial in the case of PHH Corp. v. CFPB is set to begin Tuesday. This is a landmark case because it is the first time in the almost five-year history of the CFPB that a company has judicially challenged a penalty handed down by the Bureau.
Read More »New York AG Asks Watt to Get Moving on Principal Reduction
Schneiderman joins the growing list of those calling for mortgage relief.
Read More »The Week Ahead: Here Come the Q1 Earnings Statements
This week, the nation's largest banks will release the reports of their profits—or losses—from the first quarter of 2016.
Read More »Wells Fargo Settles for $1.2 Billion Over ‘Shoddy’ Mortgage Practices
The settlement stems from Wells Fargo’s participation in the Direct Endorsement Lender program, a federal program administered by the Federal Housing Administration. It is the largest recovery for loan origination violations in FHA history.
Read More »Texas Courts Validate MERS Assignments
Mortgage Electronic Registration Systems was victorious in two recent cases in Texas.
Read More »Housing Market to Remain on ‘Solid Trajectory’
Despite signs of softness in several sectors of the economy reported recently, New York Fed President and CEO Bill Dudley expects to see continued expansion in the housing market.
Read More »Treasury Set to Fight MetLife Over ‘Too Big to Fail’ Removal
The decision to remove the "systemically important" designation from MetLife has been viewed as a victory for opponents of Dodd-Frank Wall Street reform. However, they should not be so quick to celebrate, according to Treasury Secretary Jacob Lew.
Read More »Investors, Here are the Top Single-Family Housing Markets
What single-family housing markets are the best for investors this spring, and what housing fundamentals are driving the rankings?
Read More »Congress Continues Sparring Over Dodd-Frank and CFPB
Financial reform under Dodd-Frank has taken some heat and even encountered a few setbacks lately, and even the CFPB has been affected.
Read More »Stress Test? Not for JPMorgan Chase
Just how well-capitalized is JPMorgan Chase? The bank's CEO, Jamie Dimon, tells us exactly how much in his annual letter to shareholders.
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